The effects of anticipated and unanticipated federal funds target rate changes on domestic interest rates: international evidence

Files

The_effects_of_anticipated_and_unanticipated_federal_funds_target_rate_changes_on_domestic_interest_rates_international_evidence.pdf (83.27 KB)

Date

2010

Authors

Editor(s)

Advisor

Supervisor

Co-Advisor

Co-Supervisor

Instructor

BUIR Usage Stats
3
views
39
downloads

  • Share

Series

Abstract

This paper assesses the effects of anticipated and unanticipated United States Federal Funds target rate changes on the domestic interest rates of a set of countries for the period from June 1989 to August 2008. The empirical evidence provided here suggests that i. unanticipated changes have a greater effect than anticipated changes; and ii. evidence from developed markets is stronger than that from developing/emerging markets.

Source Title

International Review of Applied Financial Issues and Economics

Publisher

S.E.I.F at Paris

Course

Other identifiers

Book Title

Keywords

Interest rates, International transmission mechanism, Fed Funds target rates, Monetary policy

Degree Discipline

Degree Level

Degree Name

Citation

Permalink

http://hdl.handle.net/11693/49392

Published Version (Please cite this version)

Collections

Scholarly Publications - Economics

Language

English

Type

Article